Updated June 29
South Portland revaluation raises home values an average 45 percent
Residential tax bills are expected to increase an average of 18 to 20 percent, shifting some of the tax burden from commercial property owners to homeowners.
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SOUTH PORTLAND The first citywide property revaluation in 15 years has pushed up residential property assessments an average of 45 percent, with homes in popular waterfront neighborhoods increasing as much as 70 percent amid a pandemic-fueled real estate boom.
The residential tax rate has yet to be set, but tax bills to be mailed in the coming weeks are expected to increase an average of 18 to 20 percent, City Assessor Jim Thomas said.
Seven South Portland businesses recognized
The 2020 Business & Economic Development Awards emphasized work through the pandemic.
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The South Portland Food Cupboard received the Impact Award on Feb. 11 from the South Portland Economic Development Committee. The award is for a business or organization that had a significant impact on improving or stabilizing economic conditions in the city despite the pandemic.
Courtesy photo Tess Parks
SOUTH PORTLAND The 2020 Business & Economic Development Awards ceremony took place on Feb. 11, recognizing local businesses and organizations for their struggles and triumphs through the pandemic.
This year’s winners, nominated by community members through the South Portland Economic Development Committee, are Scratch Baking Co., 158 Picket Street Cafe, Sopo Catering, SoPo Seafood, ReVision Energy, Legion Square Market and South Portland Food Cupboard.